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Nvidia, Dollar General, Okta and HP fall premarket; Apple, Salesforce rise

Published 08/29/2024, 07:11 AM
Updated 08/29/2024, 07:24 AM
© Reuters

Investing.com -- U.S. stock futures edged higher Thursday, bouncing from the previous session’s losses ahead of the release of key growth and labor market data.

Here are some of the biggest premarket U.S. stock movers today

  • Nvidia (NASDAQ:NVDA) stock fell 3.9% after the chipmaker beat expectations with its quarterly earnings, but underwhelming guidance resulted in a selloff even after announcing a $50 billion stock buyback program.

  • Apple (NASDAQ:AAPL) stock rose 1.5% after the tech giant was seen ordering components for a much higher number of iPhones than last year, suggesting it is preparing for an artificial intelligence-driven boost to sales.

  • Dollar General (NYSE:DG) stock slumped over 20% after the discount retailer cut its annual same-store sales forecast, with customers cutting back spending on its higher-margin goods.

  • Salesforce (NYSE:CRM) stock rose 5.4% after the business software maker reported robust fiscal second-quarter results that beat estimates and raised its full-year profit outlook.

  • CrowdStrike (NASDAQ:CRWD) stock fell 2% after the cybersecurity firm cut its revenue and profit forecasts in the aftermath of last month's global outage, even as it reported better-than-expected second-quarter results.

  • Affirm (NASDAQ:AFRM) stock soared 20% after the provider of buy now, pay later loans reported better-than-expected fiscal fourth-quarter results.

  • Okta (NASDAQ:OKTA) stock fell 14% after the identity management software maker offered up weaker than expected earnings guidance despite strong second-quarter results.

  • HP (NYSE:HPQ) stock fell 2.9% after the PC maker forecast fourth-quarter profit below estimates and cut its expectations for the year, owing to choppy demand in the personal computers market.

  • Birkenstock (NYSE:BIRK) stock fell 14% after the German shoe manufacturer’s fiscal third-quarter results fell short of expectations.

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